Independent Comparison
Best Brokersfor Options Trading
Find the right broker for your options trading in Germany. Compare fees, regulation and services.
200
Brokers Compared
500+
Hours of Research
2026
Updated
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Broker Comparison
200 brokers compared in detail
Regulation:
Min Deposit:
Rating:
Top Pick
#1
Libertex
4.9
4.9
Rating
Regulation
CySEC
Min. Deposit
100 €
Fees
Commission only, Zero-Spread
Options Trading
Yes, over 300 CFDs
Pros
- +Zero-Spread Trading
- +Fast execution
- +User-friendly platform
- +4 more
Cons
- -No BaFin regulation
- -Mainly CFD trading
Read full review
Details
For Professionals
#2
Interactive Brokers
4.8
4.8
Rating
Regulation
BaFin/SEC/FCA
Min. Deposit
0 €
Fees
from €0.65 per contract
Options Trading
Yes, comprehensive
Pros
- +Low fees
- +Wide product range
- +Professional platform
Cons
- -Complex for beginners
- -Inactivity fee under $100,000
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Details
Best Options Platform
#3
AvaTrade
4.7
4.7
Rating
Regulation
CBI/ASIC/FSA/FSCA
Min. Deposit
100 €
Fees
Variable spreads, no commission
Options Trading
Yes, AvaOptions platform
Pros
- +Dedicated AvaOptions platform
- +MT4/MT5 + AvaTradeGO
- +Multi-regulated globally
- +3 more
Cons
- -Inactivity fee after 3 months
- -No BaFin regulation
- -Spreads higher than ECN brokers
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Details
Trading212
4.6
4.6
Rating
Regulation
FCA/CySEC
Min. Deposit
1 €
Fees
€0 commission, tight spreads
Options Trading
Options coming soon
Pros
- +No commissions
- +Very low minimum deposit
- +User-friendly app
- +3 more
Cons
- -No BaFin regulation
- -Limited research tools
- -No MT4/MT5
- -Options not yet available
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Details
IG Markets
4.6
4.6
Rating
Regulation
BaFin/FCA
Min. Deposit
300 €
Fees
Spreads from 0.6 pip on forex, from 0.1% on stock CFDs
Options Trading
Yes, vanilla options and barriers
Pros
- +Over 17,000 markets available
- +Vanilla options and barriers available
- +Very long company history since 1974
- +2 more
Cons
- -Minimum deposit €300
- -High fees for small accounts
- -€14 monthly inactivity fee
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Details
Schwab International
4.6
4.6
Rating
Regulation
SEC/FINRA
Min. Deposit
0 $
Fees
$0 stocks/ETFs, $0.65 per options contract
Options Trading
Yes, comprehensive with thinkorswim
Pros
- +thinkorswim platform (formerly TD Ameritrade)
- +Huge product selection
- +No minimum deposit
- +2 more
Cons
- -International accounts limited
- -Futures fees higher than competitors
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Details
Fidelity
4.6
4.6
Rating
Regulation
SEC/FINRA
Min. Deposit
0 $
Fees
$0 commission on stocks and ETFs, options $0.65 per contract
Options Trading
Yes, US options from $0.65 per contract
Pros
- +Commission-free stock and ETF trading
- +Excellent research and educational resources
- +Huge fund selection including proprietary index funds
- +1 more
Cons
- -Only available for US customers
- -International stocks limited availability
- -Futures trading not offered
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Details
Public Company
Plus500
4.5
4.5
Rating
Regulation
FCA/CySEC/ASIC/FMA
Min. Deposit
100 €
Fees
Spread-based, no commission
Options Trading
Yes, Options CFDs
Pros
- +Very user-friendly platform
- +Publicly traded company
- +No commissions
- +3 more
Cons
- -CFD trading only
- -No MT4/MT5
- -Inactivity fee
- -Limited research tools
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Details
LYNX Broker
4.5
4.5
Rating
Regulation
BaFin/AFM
Min. Deposit
0 €
Fees
from €2 per contract
Options Trading
Yes, comprehensive
Pros
- +German support
- +Interactive Brokers technology
- +Good educational resources
Cons
- -Higher fees than IB direct
- -Minimum activity required
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Details
Popular
eToro
4.5
4.5
Rating
Regulation
CySEC/FCA/ASIC
Min. Deposit
50 $
Fees
0% commission on stocks, spreads from 1 pip on forex
Options Trading
No, but stocks, CFDs, crypto and copy trading
Pros
- +Social trading and copy trading
- +0% commission on real stocks
- +User-friendly platform
- +2 more
Cons
- -Spreads higher than ECN brokers
- -$5 withdrawal fee
- -No BaFin regulation
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Details
Pepperstone
4.5
4.5
Rating
Regulation
BaFin/FCA/ASIC
Min. Deposit
0 €
Fees
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Options Trading
No, but over 1,200 CFD instruments
Pros
- +Razor account with raw spreads from 0.0 pip
- +Fast execution speed
- +MT4, MT5, cTrader and TradingView
- +2 more
Cons
- -No options trading
- -No real stocks, only CFDs
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Details
Saxo Bank
4.5
4.5
Rating
Regulation
DFSA/FCA
Min. Deposit
0 €
Fees
Stocks from $1, options from $1, forex from 0.4 pip
Options Trading
Yes, comprehensive options trading on global exchanges
Pros
- +Over 72,000 tradable instruments
- +Professional platforms
- +Comprehensive options trading
- +2 more
Cons
- -Higher fees for entry-level account
- -Platform complex for beginners
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Details
tastytrade
4.5
4.5
Rating
Regulation
SEC/FINRA
Min. Deposit
0 $
Fees
$0 stocks, $1 per options contract (max $10 per leg)
Options Trading
Yes, specialized in options
Pros
- +Specialized in options trading
- +Low options fees (capped)
- +Innovative trading platform
- +2 more
Cons
- -Focused on US markets only
- -Not ideal for buy-and-hold investors
- -No forex trading
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Details
Vanguard
4.5
4.5
Rating
Regulation
SEC/FINRA
Min. Deposit
0 $
Fees
$0 commission on stocks and ETFs, Vanguard funds with no transaction fee
Options Trading
Yes, US options available ($1 per contract)
Pros
- +World leader in low-cost index funds
- +Commission-free stock and ETF trading
- +Client-owned structure – no external shareholders
- +1 more
Cons
- -Trading platform more functional than modern
- -Only available for US customers
- -Not ideal for active trading
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Details
Scalable Capital
4.4
4.4
Rating
Regulation
BaFin
Min. Deposit
0 €
Fees
PRIME+ flat rate €4.99/month or €0.99 per trade
Options Trading
No, no options trading
Pros
- +Flat-rate trading with PRIME+
- +BaFin-regulated
- +Over 7,800 stocks and 2,500 ETFs
- +1 more
Cons
- -No options trading
- -Limited trading venues (gettex/Xetra)
- -No phone support
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Details
comdirect
4.4
4.4
Rating
Regulation
BaFin
Min. Deposit
0 €
Fees
€4.90 base fee + 0.25% of order volume (min. €9.90)
Options Trading
Yes, Eurex options trading available
Pros
- +Eurex options trading available
- +Full bank with checking account
- +Comprehensive educational resources
- +2 more
Cons
- -Higher fees than neobrokers
- -Custody fee without activity
- -ProTrader only for active traders
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Details
XTB
4.4
4.4
Rating
Regulation
KNF/FCA/CySEC
Min. Deposit
0 €
Fees
0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip
Options Trading
No, but over 6,000 stocks and ETFs commission-free
Pros
- +Award-winning xStation platform
- +0% commission on stocks up to €100,000
- +Publicly traded company
- +1 more
Cons
- -Inactivity fee after 12 months
- -No MetaTrader 4/5
- -Limited research tools
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Details
Swissquote
4.4
4.4
Rating
Regulation
FINMA
Min. Deposit
1.000 CHF
Fees
Stocks from CHF 5, forex spreads from 1.3 pip (Standard)
Options Trading
Yes, options trading available via eTrading
Pros
- +Swiss banking license (FINMA)
- +Broad product range incl. crypto
- +High deposit protection
- +1 more
Cons
- -Higher minimum deposit (CHF 1,000)
- -Fees higher than pure online brokers
- -Swiss tax reporting needed
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Details
IC Markets
4.4
4.4
Rating
Regulation
ASIC/CySEC
Min. Deposit
200 $
Fees
From 0.0 pips + $3.50 commission (Raw Spread)
Options Trading
No
Pros
- +Ultra-low spreads from 0.0 pips
- +Fast order execution (under 40ms)
- +cTrader platform available
- +2 more
Cons
- -No proprietary platform
- -Educational content could be more comprehensive
- -Minimum deposit $200
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Details
Kraken
4.4
4.4
Rating
Regulation
FinCEN
Min. Deposit
10 $
Fees
0.00% – 0.26% maker/taker
Options Trading
No
Pros
- +Over 200 cryptocurrencies
- +Strong focus on security
- +Margin and futures trading
- +2 more
Cons
- -User interface less intuitive
- -Fiat deposit fees depending on method
Read full review
Details
20 of 200 shown
How to Choose the Right Broker
The best broker depends on your individual requirements.
Top Recommendation
Zero-Spread Trading, fast execution and modern platform with over 350 instruments.
LibertexFor Beginners
Easy operation, good support and educational resources are more important than the lowest fees.
TradeRepublic, ConsorsbankFor Active Traders
Low fees, professional tools and wide product range are crucial.
Libertex, Interactive Brokers, LYNXFor Security-Conscious
BaFin regulation, German bank and comprehensive deposit insurance are paramount.
Consorsbank, LYNX BrokerImportant Notes
- All mentioned brokers are regulated and offer deposit insurance
- Fees may change - check current conditions on the broker website
- Options trading often requires a suitability assessment
Ready to Start Trading?
Learn the basics of options trading before opening your account.
Strategies × Top Stocks
Try These Strategies with Your Broker
From a conservative covered call on SAP to a long straddle on Tesla — concrete examples for every style.
Long Straddle
Long Straddle · Tesla
Tesla Inc.
Highly volatile — no clear direction · highly volatile mover
IV 50–95%View example trade
Long Straddle
Long Straddle · NVIDIA
NVIDIA Corporation
Highly volatile — no clear direction · volatile stock
IV 40–80%View example trade
Covered Call
Covered Call · Apple
Apple Inc.
Neutral to mildly bullish · calm stock
IV 20–32%View example trade
Covered Call
Covered Call · SAP
SAP SE
Neutral to mildly bullish · calm stock
IV 18–30%View example trade
Cash-Secured Put
Cash-Secured Put · Amazon
Amazon.com Inc.
Neutral to mildly bullish · medium-volatility stock
IV 25–42%View example trade
Iron Condor
Iron Condor · S&P 500 ETF
SPDR S&P 500 ETF
Neutral / Sideways · calm stock
IV 12–22%View example trade
Iron Condor
Iron Condor · Nasdaq-100 ETF
Invesco QQQ ETF (Nasdaq-100)
Neutral / Sideways · calm stock
IV 16–28%View example trade
Bull Call Spread
Bull Call Spread · Palantir
Palantir Technologies Inc.
Bullish · highly volatile mover
IV 55–90%View example trade
Bull Call Spread
Bull Call Spread · MicroStrategy
MicroStrategy Inc.
Bullish · highly volatile mover
IV 85–160%View example trade
Bear Put Spread
Bear Put Spread · Coinbase
Coinbase Global Inc.
Bearish · highly volatile mover
IV 65–120%View example trade
Butterfly Strategy
Butterfly Strategy · Microsoft
Microsoft Corporation
Neutral — stock expected to stay near the center strike · calm stock
IV 18–30%View example trade
Bull Call Spread
Bull Call Spread · NVIDIA
NVIDIA Corporation
Bullish · volatile stock
IV 40–80%View example trade